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USDCHF Bullish Offensive Risk Builds Up

USDCHF: Having turned higher on bullish offensive on Monday, further bullish offensive is envisaged. On the downside, support lies at the 0.9950 level. A turn below here will open the door for more weakness towards the 0.9900 level and then the 0.9850 level. Further down, support resides at the 0.9800 level. On the upside, resistance resides at the 1.0050 level where a break will clear the way for more strength to occur towards the 1.0100 level. Further out, resistance comes in at the 1.0150 level. Its daily RSI is bullish and pointing higher suggesting further upside. All in all, USDCHF faces bullish offensive on its Monday recovery.

USDCHF: Bullish Offensive Risk Builds Up

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